Business To Buy

Recruitment Company for the Finance/Banking (F/B) and Industrial/Construction/Transport (I/C/T) Sectors

London, ---Europe

Recruitment Company for the Finance/Banking (F/B) and Industrial/Construction/Transport (I/C/T) Sectors (Contract & Permanent)
Ref. CE224
Location : London
Asking Price : £400,000
Established by the vendors in 2014, this business provides an independent recruitment service supplying temporary and permanent staffing solutions within multi-sectors across the UK. Sectors the agency serves include:
• Banking
• Finance
• Industrial
• Commercial
• Construction
• Transport
• Industrial
The company has a diverse range of customers. It’s weekly client base range from global banking brands, large multi-nationals, industrial firms, public sector Councils, facilities management companies and many more.
The activities of the business have a clear distinction and is why, while this is a single commercial entity, it is managed as two; firstly, Banking & Finance and secondly, Industry, Construction & Transport. The majority of placements in Banking & Finance are permanent with higher margins and Industry, Construction & Transport are temporary (contract) placements. It is believed by the vendor that with continued trading, this second aspect of the business is highly scaleable and will accumulate volume over time, with little investment required for managing this increase as it occurs.
The company has grown from strength to strength and benefits from an autonomous/ empowered environment employing dedicated staff and operating excellent in house quality management systems and so earned an enviable reputation for professionalism and quality.
Independence is a key contributing factor to the continued success of the business as this allows the flexibility to provide focus, speed and real commitment to clients needs. The company ensures that each individual candidate and client receives the same high degree of customer care.

Financials

Price: $551,280

Gross Income: $661,536

Cash Flow: $0

FFE: $0

Inventory: $0

Real Estate Value: $0

About the Business

Office Reference ID: #CE224

Year Established: 2014

Financing:

Training: The vendor will provide support and training at handover and would also be happy to provide remote assistance for a further period of time to be negotiated prior to the sale.

Facilities: The agency is ideally located in a busy town centre location. It occupies first floor serviced offices and has easy access. Annual rent is circa £7,500 p.a. The business enjoys 100% small business rates relief.
The business could easily be relocated if need be with minimum disruption.

Competition: The company is highly credible and continually advertise through the most appropriate and successful mediums. The best form of advertising is "Recommendation". The business regards existing clients as their best advertisers, bearing testimony to the excellent reputation the business has earned since inception. The business has an informative web site. Advertising has also included utilising branded job boards, social media, internet, local events and sponsorship. A high percentage of the business’s revenue being due to strong word of mouth recommendation, bearing testimony to the excellent reputation it has throughout the industry.

Growth: The vendor has recently invested in back office systems and infrastructure to enable sustained growth over the coming years. There are a number of opportunities to increase turnover including the scaleability of its volume based contract/temporary activities, which has developed real traction and prospects.
The Banking & Finance sector is an area the business is particularly strong in and it has identified a niche market within this that represents significant growth opportunities moving forward. Primarily permanent in placements, there is an opportunity to develop high added value, contract placements in this valuable sector. The business’ strengths in this sector could transfer successfully to the large and profitable legal sector.
With a strong demand for services and a new capacity to increase turnover, a new owner would contribute fresh ideas and outside influence to build on an excellent base.
This business offers a tremendous opportunity for growth and expansion, with wonderful opportunities for the ambitious new owner or another agency wishing to expand their portfolio.

Business Listed By

Name: Andrew Hudson

Company: Turner Butler

Phone: 01895 25 6000

Email Seller A Question:

Name:

Email:

Phone:

City:

State

Comments / Question:

Please enter this security code

The information in this listing has been provided by the business seller
or representative stated above. BusinessToBuy.Net has no stake in the sale of this business, has not verified the accuracy, completeness, and assumes no responsibility for this advertisement. Read our Terms and Conditions for more information.